Bhp Share Discussion Threads

[loganair] 18/8/2021 16:43

Incorrect - BHP are delisting from the FTSE Premium market and going to the FTSE Standard listing.

This means BHP will no longer be included in the FTSE index and therefore tracker funds will have to sell, however no real change for the average UK PI.

BHP share holders are going to be given new shares in Woodside Petroleum who are currently only listed on the AEX, however Woodside are saying that they are now looking to list on other oversea exchanges which most probably means they'll also go for a FTSE Standard listing.

[kipper999] 18/8/2021 16:38

Also, i did a Google search for BHP & selected News.
There are a few articles giving the impression that the Woodside sale might not be quite so popular....
Maybe it's not such a 'done' deal....

[loganair] 18/8/2021 16:36

BHP unexpected announcement that it plans to unify its dual-listed company (DLC) structure and shift its primary listing to Australia has had a mixed response, while the mining giant’s exit from petroleum increases the possibility of acquisitions elsewhere.

“We view the exit from Petroleum as a good strategic step, although we see limited valuation uplift from the proposed structure and it leaves BHP short on growth options,” said Deutsche Bank analyst Liam Fitzpatrick. “Petroleum houses a large share of BHP's near-medium term growth projects and exit from this business increases the likelihood of copper and nickel acquisitions, in our view.”

[arja] 18/8/2021 16:25

kipper99,
will comment later as closing a short in another stock at the moment - I rarely short but today was exception.

Action- yes , will be delisted in UK and you get equal number of BHP on the ASX .

[kipper999] 18/8/2021 15:44

Well, that's a 12% drop from the high yesterday of £25
Just topped up @ £22 dead to raise my holding here. Previous buys @ 1,999 & 2,014.
£10k in now.
May go lower tomorrow, who knows.& may buy again.
Feel reasonably ok with these with the mega divi XD in 10 day's.
Hoping for a run & quick cap gain.....
Good luck all

[loganair] 18/8/2021 13:56

Basically BHP will become an Iron Ore, Copper, Nickel and Potash for fertilizer miner with some Gold and Silver from their investment in Solgold, Zinc and Lead thrown in for good measure.

[kipper999] 18/8/2021 13:51

Action, scroll back & someone gave a good answer to this question yesterday

The upcoming divi of $2 is c£1.45
That's roughly 6.5% @ £22 SP
I think a lot of buying will raise the share price on the run up to XD on 2 Sept.
10 trading day's left to watch what happens.
Not sure i'll get my 2,050

Although futures off another 5% in US. See how that impacts us @ 2:30pm on open

[action] 18/8/2021 13:42

Does it mean it will be delisted from uk exchange?

[kipper999] 18/8/2021 13:15

arja, care to put a number on that UK buy in price?
Was thinking 2,050
Off 6% @ 2,217 as i type, down 142p

You think share price will rise on run to XD?

[arja] 18/8/2021 12:56

sp hit today after a steep fall in oz .i bought in oz near the close but regret it now as base metal prices falling again today and will mean BHP in OZ will fall again on wednesday . At some point BHP here should be a screaming buy as discount will almost disappear when converted on a 1:1 basis as I understand it

[kipper999] 18/8/2021 10:13

Yes, i have
2,267 - 2,265.5 Buy/Sell @ 10:12 -3.75% on the day, so far

[sarkasm] 18/8/2021 10:06

[United Kingdom] BHP GROUP PLC (BHP)

Real-time Estimate Quote. Real-time Estimate Cboe Europe - 08/18 10:04:44 am

2274.5 GBX -3.54%

[kipper999] 18/8/2021 09:42

These touched £25 yesterday on bumper results & dividend.

SP now 2,265 here & dropped almost 8% in US yesterday.

Am in at 1,999 & 2,014 but only for £5k

Very tempted to top up as I can see the share price rising as buyers move in for the $2 divi XD on 2 Sept. So possibly may rise again off that to reach £25+

[p1nkfish] 18/8/2021 09:19

Not having a primary listing in the UK can mean there might be a discount to the ASX price, OK, but the dividend is the same so what happens to the yield if you buy at a discount - no need to throw the baby out with the bath water.

FTSE100 trackers will have to adjust but that can be an opportunity for others.

[p1nkfish] 18/8/2021 08:25

Wait to see if Woodside list in London. I can't see them not doing so, doesn't make sense.

[kipper999] 18/8/2021 08:09

I just contacted my broker, iWeb.
They say they do not 'trade' ASX but i would be able to 'hold' Woodside shares in my account.
So, with them, i would have to transfer to another provider to sell....

[sarkasm] 18/8/2021 07:57

Analyst Amos Fletcher from Barclays research considers the stock attractive and recommends it with a Buy rating.

The target price continues to be set at GBX 2500.

[cheshire pete] 17/8/2021 22:15

Thanks Gateside and loss-leader. Hold BHP in ISA with Int. Inv. Don't want to sell and will check re: charges for holding.

[loss-leader] 17/8/2021 21:34

If you are trading thro a company watch out for interactive Investors 'non standard account fee of £40pcmI am in dispute with them having come across from Market Invoice who did not charge this. LL

[gateside] 17/8/2021 20:18

Interactive Investor allow you to trade on the ASX and hold them in an ISA or a SIPP

So if Woodside are only traded on the ASX they might be a good broker to switch too.

[p1nkfish] 17/8/2021 20:14

Great clarification, thank you.

If the large BHP shareholders want Woodside with a London listing, it will happen.
Woodside might want access to that capital pool too.

I don't see much downside here given BHP exposure to minerals bound to see demand and the increased scale of Woodside. Add a bit of inflation & stir.

[jonox] 17/8/2021 19:46

From the BHP presentation:

"Woodside will remain listed on the Australian Securities Exchange with additional listings being considered"

With existing BHP shareholders owning 48% of the combined co. and 42% of BHP shareholders hold through LSE, that's over 20% so Woodside may well decide on a secondary listing on the LSE.

[loganair] 17/8/2021 19:45

The Standard Segment of The Main Market was established to offer companies a greater choice of listing destination. Prior to its launch many UK companies were unable to comply with the eligibility requirements of the Main Market. Whilst not intended to represent a threat to AIM, in some circumstances companies have chosen a Standard Listing over AIM, and importantly it’s available to both UK and overseas companies.

One of the key benefits is that it provides companies with access to The Main Market without having to comply with the ‘super-equivalent’ provisions that apply over and above the minimum standards, such as the combined code for corporate governance.

[kipper999] 17/8/2021 19:35

Going to ask my broker same question tomorrow.
It may just be simpler for me to sell into any rise on run up to XD on Sept 2
Only have £5k & am in at c£20, so £25+ might be too tempting

[loganair] 17/8/2021 19:28

When BHP's oil and Gas side is merged with Woodside Petroleum, BHP share holders are going to be given shares in Woodside which I understand is solely listed on the ASX and dividends will also be in A$ via the ASX.

I asked my broker if I'm able to trade shares on the ASX with them and they said No.



"Under the proposed transaction, Woodside, or a wholly owned subsidiary of Woodside, will acquire 100 per cent of the issued share capital of BHP Petroleum International Pty Ltd in exchange for shares in Woodside which will deliver 48 per cent to BHP shareholders on completion. Woodside shares will be immediately distributed to BHP shareholders . Woodside will remain listed on the ASX with listings on additional exchanges being considered."